The Financial Times (FT) reports, citing data from the Kiev School of Economics, that Russia's success in terms of reducing oil discounts, which occurred against the backdrop of rising prices, is that Moscow will earn at least another $15 billion in revenue in 2023. This has been made possible by Russia's decision to drop the insurance policies offered by Western companies.
"Given these shifts in oil trade, it may be very difficult to effectively enforce the price ceiling in the future," commented economist Ben Hilgenstock.
That said, however, as the FT notes, experts estimate that sanctions, restrictions, and non-cooperation with Russia have cost $100 billion in oil export revenues since last February. In this regard, such indicators are significant in terms of total revenues of the Russian Federation.
Earlier, the expert said that the ban on the export of gasoline and diesel from Russia will have a negative impact on Georgia and Turkey.